24 - 25 February 2012
The Milhous Collection
The Milhous Collection, Boca Raton, Florida
MILHOUS COLLECTION ACHIEVES IMPRESSIVE $38.3 MILLION IN SALES
RM | SOTHEBY'S
RM Auctions, in association with Sotheby's, lifted the gavel on the renowned Milhous Collection during a two-day sale in Boca Raton, Florida, generating over $38.3 million in sales with an impressive 100% of all lots sold.
The result of over 50 years of dedicated collecting by brothers Bob and Paul Milhous, the sale presented a range of exceptionally rare mechanical musical instruments, automobiles, and collectibles before a packed house. Bidders represented 18 countries from around the world, including as far away as China, Russia, and the United Arab Emirates.
Strong prices were recorded across all categories in the sale, with contests between multiple bidders and prices frequently exceeding their estimates. The highest price of the multi-day sale went to a Pebble Beach class-winning 1912 Oldsmobile Limited Five-Passenger Touring, chassis number 64626. The only known surviving example from that year and featuring one-off coachwork, the Oldsmobile attracted fierce bidding, realizing a final sale price of $3,300,000, setting a new world record for an Oldsmobile sold at auction.
"When we decided it was time to part with our collection, RM was the clear choice. Their dedication and expertise showed through in every aspect, from the stunning catalogue to the marketing and advertising," said Bob Milhous following the sale.